What is Binance Australia?

InvestbyBit Pty Ltd (ABN 98 621 652 579) (trading as “Binance Australia”) operates a digital currency exchange registered with AUSTRAC. Binance Australia only offers spot conversion between fiat and digital currency, and Binance Earn Services. For more details, please review our Binance Australia Terms of Serviceand Privacy Policy.

How secure is Binance?

Binance stores 10% of all trading fees in a secure asset fund to protect a share of user funds. Personalized access control allows you to restrict devices and addresses that can access your account, for greater ease of mind. Your transaction data is secured via end-to-end encryption, ensuring that only you have access to your personal information.

Is Binance a good exchange?

The trading charts on Binance are pretty basic and they offer a much larger amount of coins to trade versus places like Coinbase or the Voyager app (which is the best MOBILE exchange solution). I use Binance every day and it is my go-to exchange right now. Registering is easy and does not require any information beyond an email address.

How does Binance coin work?

Binance Coin can be used to pay trading fees on the Binance exchange. For example, if you trade another cryptocurrency for bitcoin on the exchange, Binance will charge you a 0.1% trading fee. That’s how the company makes money. However, if you use Binance Coin to pay the fee, they will reward you by charging a lower fee.